What is Filecoin project?

Filecoin is a decentralized protocol which enables anyone to rent out spare storage space on their computer. Likewise, anyone can buy storage on the network.

By allowing anyone in the world to join the network, it can create a huge source of data storage. As more and more systems become computerized, it will be needed to satisfy the increase in demand. It is being created by Protocol Labs, spearheaded by Juan Benet, a computer scientist and engineer.

What is FIL token and what it is for?

The cryptocurrency FIL is the underlying token that powers the Filecoin network. It is used to pay for data storage, data retrieval and any other transactions that may occur within the network.

Filecoin (FIL) serves as the native asset to the Filecoin blockchain which form the core of the Filecoin project. Economic incentives and disincentives are baked into the blockchain to produce the optimal number of storage and retrieval miners providing honest service to clients. The FIL supply is capped at 2 billion and will be released through block rewards over the subsequent decades.

Is now the good time to invest Filecoin(FIL)?

The infrastructure of the IPFS protocol layer is the distributed storage data centers, commonly known as a “mine”. This kind of distributed storage data center is actually aimed at the operators & service providers of the traditional IDC, such as Amazon, Alibaba Cloud, etc. The storage competition in the future is mainly on the storage cost, and the core is IPFS technology. The market for blockchain + storage + server hardware will be immeasurable.

Filecoin is the first and only distributed storage project implemented in the blockchain field as an important part of Web 3.0. As its only official incentive token, FIL will also have great value. The total circulating supply of FIL is 2 billion, and there is a destruction mechanism in its economic model. As more traditional IDC service providers enter the market, more tokens will be destroyed, and the price of FIL will only get higher.

What service does TopBlocks provide?

For over 3 years, TopBlocks has been diligently invested in the mining power arena. Services provided by the company are professional, cost-effective, and have yielded good returns. Specifically, within Filecoin mining power, TopBlocks has developed a robust and reliable mining system, with a wide range of efficient and high-performance mining equipment and services to serve the needs of different miners.

Why choose TopBlocks’s mining machine?

TopBlocks’ mining machine is highly reliable, secure, and cost-efficient. Its data center is located in the tech mecca of Silicon Valley, United States, and features cutting-edge 5A-level IDC servers, a 99.99% SLA service agreement, and dual-circuit uninterruptible power system. All these features significantly enhance the stability of the data center.